CHFJPY: Multiple confluences indicating a buy.

Selling momentum was lost with each test of resistance. (Indicated by the orange arrows)
There is also an inverted head & shoulders pattern and the neckline is the same level of resistance.
Yesterdays daily candle closed as a bullish engulfing candle breaking resistance.
I'll be looking for a buy if the market retests previous resistance now support.

YEARN-FOREX
Head and ShouldersSupply and DemandSupport and Resistance

Feragatname